Oman's financial landscape is rapidly evolving with a significant shift towards digital payments, led by the Central Bank of Oman's National Payment System. This transformation promotes economic growth and prosperity by ensuring scalability, real-time transactions, improved security, and transparency.
Traditional banks in Oman are embracing FinTech to boost inclusivity and innovation in the financial industry. This integration has led to the rise of mobile banking apps, digital payments, open banking with API integration, neobanks, and embedded finance. The synergy between traditional banks and FinTech is revolutionizing Oman's financial landscape, offering a more accessible, efficient, and customer-centric digital ecosystem.